In 2016 Leicester was named 9th best city in the UK in the Good Growth for Cities index. Now, more and more businesses are setting their sights on this major UK city as their base to expand and grow.
Home to two world-renowned universities, the University of Leicester and De Montfort University, Leicester is a city of cultural diversity with a rich heritage in sport and industry. It is known as the space capital of the United Kingdom, home to the National Space Centre, which is the UK’s premier attraction dedicated to space.
Leicester is also extremely well-connected by road, rail and air with London just 64 minutes away by train and Birmingham under an hour away. This connectivity, as well as the multi-million regeneration taking place, makes Leicester one of the most desired places to invest.
It is estimated that the city will benefit from £3bn of investment over the next five years. Strong links have also recently been formed with some of the world’s major growing economies such as India and China.
A new partnership between the University of Leicester and the Panjin campus of Dalian University of Technology – among China’s top universities for engineering and technology – now forms the Leicester International Institute, Dalian University of Technology. This will be known as the Dalian Leicester Institute (DLI), and was formally opened in March 2017 in a ceremony in Panjin.
A buy-to-let hotspot
With North West and North East homes set to rise at twice the London rate in the next five years, many investors are setting their sights elsewhere, particularly the East Midlands. Leicester has the largest economy in the East Midlands, making it the investment hotspot of the region.
Leicester also has a severe shortage of high-quality purpose-built student accommodation (PBSA) despite the fact the city’s student numbers continue to rise.
A study carried out by the Leicester Castle Business School examined the ways in which students travelling from outside the EU to Leicester contributed to the local area. Results found that international students at De Montfort University Leicester could be worth more than £58 million a year to the Leicester economy.
According to a recent report by Knight Frank, demand for purpose-built student accommodation remains strong. The continued demand for UK university places means strong occupancy rates are expected, which ensures a stable investment opportunity with a good opportunity for high rental yields.
#47: Our Leicester development
#47 is our luxury development in the heart of Leicester City Centre and is a fantastic opportunity to invest in a high-quality development in this flourishing city.
The development consists of 47 purpose-built fully-furnished student apartments and is located only a 12-minute walk from the University of Leicester. Not to mention the development offers residents an incredible range of on-site facilities, including a roof terrace, fitness room and a games room.